Tegal Corporation (NASDAQ: TGAL) announced that Sequel Power, its portfolio company dedicated to the development and operation of large-scale photovoltaic (PV)-based solar utility projects, has opened offices in Buenos Aires, Argentina, and Santiago, Chile.
The new offices, which serve Sequel Power's customers and partners in South America, are overseen by Prince Alexander von Sachsen, Sequel Power's Chairman of South America and Middle East/Africa. Sequel Power is currently working on South American large-scale photovoltaic-based solar utilities projects in Argentina, Chile and Ecuador.
"South America is a tremendous growth region for utility-scale solar energy projects," said Sequel Power President and Chief Executive Officer Ferdinand Seemann. "These projects require Sequel Power to have an ongoing presence in these important markets. We are grateful for the warm reception we have received at our new locations, and we are delighted to be a central part of the solar industry in South America."